iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) Short Interest Down 51.6% in July

iShares MSCI Agriculture Producers ETF (NYSEARCA:VEGI) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 6,921 shares, a drop of 51.6% from the June 30th total of 14,291 shares. Based on an average daily volume of 38,145 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are short sold.

Hedge Funds Weigh In On iShares MSCI Agriculture Producers ETF

Hedge funds have recently made changes to their positions in the business. Sound Income Strategies LLC acquired a new position in iShares MSCI Agriculture Producers ETF during the first quarter worth $27,000. Glenmede Trust Co. NA bought a new stake in iShares MSCI Agriculture Producers ETF during the 1st quarter worth about $40,000. Commonwealth Retirement Investments LLC bought a new stake in iShares MSCI Agriculture Producers ETF during the 4th quarter worth about $46,000. Verity Asset Management Inc. acquired a new position in shares of iShares MSCI Agriculture Producers ETF during the 4th quarter worth about $665,000. Finally, Nations Financial Group Inc. IA ADV acquired a new position in shares of iShares MSCI Agriculture Producers ETF during the 1st quarter worth about $871,000.

iShares MSCI Agriculture Producers ETF Trading Up 1.0%

Shares of VEGI stock traded up $0.47 on Tuesday, hitting $46.09. 34,424 shares of the stock were exchanged, compared to its average volume of 64,751. The firm has a market capitalization of $154.40 million, a P/E ratio of 18.90 and a beta of 0.66. iShares MSCI Agriculture Producers ETF has a fifty-two week low of $38.00 and a fifty-two week high of $47.27. The business has a 50-day moving average of $44.12 and a 200 day moving average of $44.46.

About iShares MSCI Agriculture Producers ETF

The iShares MSCI Global Agriculture Producers ETF (VEGI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap-weighted index of companies that are sensitive to agricultural commodity prices. VEGI was launched on Jan 31, 2012 and is managed by BlackRock.